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Global Rich Communications Suite (RCS) Services Strategic Market Report 2023: Market to Reach $69.7 Billion by 2030 - Here's How RCS Will Revolutionize Digital Marketing
[October 23, 2023]

Global Rich Communications Suite (RCS) Services Strategic Market Report 2023: Market to Reach $69.7 Billion by 2030 - Here's How RCS Will Revolutionize Digital Marketing


DUBLIN, Oct. 23, 2023 /PRNewswire/ -- The "Rich Communications Suite (RCS) Services - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

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Global Rich Communications Suite (RCS) Services Market to Reach $69.7 Billion by 2030

The global market for Rich Communications Suite (RCS) Services estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$69.7 Billion by 2030, growing at a CAGR of 31.5% over the analysis period 2022-2030.

A2P, one of the segments analyzed in the report, is projected to record 31.1% CAGR and reach US$48.3 Billion by the end of the analysis period. Growth in the P2p segment is estimated at 29% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 37.4% CAGR

The Rich Communications Suite (RCS) Services market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2030 trailing a CAGR of 37.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 31.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 27.1% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes



MARKET OVERVIEW

  • Rich Communications Suite (RCS) Services - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Indispensability of Messaging in Modern Life & Communication Provides the Foundation for the Rise of RCS
  • The Rise & Ubiquity of Messaging Bodes Well For the Adoption & Proliferation of RCS: Global Number of Mobile Phone Messaging App Users (In Billion) for Years 2018, 2020, 2022, 2024, & 2026
  • The Entire Base of Smartphone Users Represent the Target Market for RCS: Global Number of Smartphone Users (In Billion) for Years 2018, 2020, 2022, 2024 & 2026
  • Rich Communications Services (RCS): Definition, Overview, Importance & Benefits Introduction
  • Recent Market Activity
  • Innovations

MARKET TRENDS & DRIVERS


  • Rise of Digital Marketing Opens Up New Opportunities for Adoption of RCS
  • Growing Spending on Digital Marketing, Especially Mobile Marketing, Highlights the Importance of Messaging based Ads: Global Spending on Digital Advertising & Marketing (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Here's How RCS Will Revolutionize Digital Marketing
  • Tightening Regulations for OTT Content Including Messaging Triggers Shift Towards RCS
  • Migration from SMS to RCS Gets Underway
  • As Enterprises Migrate to RCS Communication Platform, RCS Business Messages to Witness Robust Growth
  • Rise of Conversational Commerce Bodes Well for Adoption of RCS
  • Growing Spending on Conversational Commerce to Amplify Opportunities for RCS in the Retailing Space: Global Spending on Conversational Commerce (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Telecom Operators to Offer RCS as Part of 5G Services
  • 5G Makes its Debut
  • RCS Brings the Promise of Enhancing 5G, an Opportunity Telecom Operators Cannot Ignore: Global Number of 5G Subscriptions (In Million) for Years 2020, 2022, 2024, 2026
  • 5G SMS is Here to Stay!
  • Benefits of 5G RCS
  • Led by China, Competition Heats up
  • As Hospitals Tap into Text Messaging to Optimize Patient Communication, RCS to Witness Strong growth
  • Growing Popularity of A2P Messaging, Catalyzed the Pandemic Drives Opportunities for RCS

FOCUS ON SELECT PLAYERS (Total 252 Featured)

  • Apple, Inc.
  • AT&T, Inc.
  • Adobe Inc.
  • Alcatel-Lucent Enterprise
  • Adigo
  • 3CX Ltd.
  • Actis Technologies Pvt., Ltd.
  • Anet Co., Ltd. (Advanced Network Systems)
  • Allstream Business Inc.
  • 3P TECHNOLOGIES S.r.l.
  • 5IS
  • AhoyRTC
  • Aonta Technologies
  • 247meeting
  • 1-VoIP

For more information about this report visit https://www.researchandmarkets.com/r/ppv842

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SOURCE Research and Markets


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